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Thread: The Great Obama Depression Grows Worse

  1. #71

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    Quote Originally Posted by Buffalo Soldier View Post
    No, your still a hack. Inflation is a major problem that Republicans and economists expected to get worse as Obama continues to devalue our dollar with spending increases.
    Why is it whenever it comes to arguing their point, so many of our conservative friends have to resort to unprovable claims about what they say things will be in the future, and can't defend their position based on facts? I see it all the time. They argument gets rebutted with facts, and all they can say is that things are going to get real bad in the future.
    Last edited by Iriemon; Jun 01 2011 at 08:17 AM.


  2. #72

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    Quote Originally Posted by Mac-7 View Post
    That was a long, long time ago.

    Obama took office just after the recession hit bottom and we could expect to get better but it didn't.

    The Bush recession is becoming the Obama depression.
    Many were afraid it would get a *lot* worse.

    The Great Bush Recession has been turned around since Obama took office.

    It will take several more years to correct the huge amount of damage, though.

  3. #73

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    Quote Originally Posted by Vote4Future View Post
    The experts agree. The actions taken by this administration have only worsened a situation that should have been left to correct itself.

    The housing disaster has not yet hit bottom and they expect it to last another 5 to 8 years.
    Which "experts" are those?

  4. Default

    Quote Originally Posted by Montoya View Post
    What a stupid comparison. Really its quite absurd.
    WoW! I take it you must of had a piece of Obama's pie. More like it's been sitting out there for 10 days instead.

  5. Default Mind boggling

    Quote Originally Posted by sammy View Post
    Jobs are disappearing, confidence in the economy is low, real wages are dropping and home prices are falling, three years into the Great Obama Depression. These are facts!
    Well jobs are growning, not disappearing. They are just not growing fast enough, let alone fast enough to mop up all the extra unemployed. Confidence is low, but it is higher than when Obama took office. Home prices are still above historical trends.

    Do you not understand a thing about economics. Housing was a bubble. It popped. Look at historical housing trends and the current prices around where they should be on a historical basis. However, considering the glut of over-builsing during the boom and the number of bank forclosures still going on, and prices should be below historical trends. So the housing prices are still correcting. I though right wingers believed in the free market?

    [quote=sammy;3967456]
    The democrats tell us it's all Bush's fault, or they brag that things are getting better. But Bush has nothing to do with it and things are getting worse, not better. Don't believe anything Nancy Pelosi and her ilk say, they lie! [/quoted]
    Pure delusion. You do know it was September 2008 when Lehman brothers collapsed and AIG went bankrupt. You know that before Obama took office the Dow dropped 700+ points in a day in it's largest fall EVER and GM was saying it was bankrupt.

    Look at the pages of graphs and charts in this thread. If you feel so strongly, then maybe you should be intelligent enough to know what you are talking about! Reagan initially deregulated banking allowing cross state banking and such. The Clinton de-regulated them more and banks started doing derivitives and credit default swaps and signed the Commodities Modernization Act that exempted derivitives from regulation. Then uder Bush the SEC watched the whole house of cards be built and did nothing.

    Quote Originally Posted by sammy View Post
    It's Obama's job killing policies that are working to eliminate the private sector and small business and to create a welfare dependency in the US.
    A significant percentage of democrats would prefer to see the middle class disappear. Obama is one of them.
    Strange how the jobs market is creating jobs now when it was not and was in a massive freefall when Obama took office. Can you actually specify the "job killing policies?

    And the line about the middle class must be a joke, right. It is the right wing that supports the absolute laisez-faire economics that has been returning this country to the robber barron days of a small class of super rich and everyone else not benefiting significantly. The middle class has been disappearing for decades. Look at the entire Bush presidency and the middle class was loosing earning power. This is a long term trend. It is a problem, but it is not Obama's fault.

    Quote Originally Posted by sammy View Post
    Now Case-Shiller suggest there is a new downturn in the housing market,
    http://news.medill.northwestern.edu/...aspx?id=186925


    NJ:
    Foreclosures on the Jersey Shore jumped dramatically in 2006 and 2007, started leveling out in 2008 and 2009, and are only now beginning a very slow decline, according to data provided by RealtyTrac, which monitors foreclosures. The more foreclosures in an area, the more nearby property values suffer, and the easier it gets to enter the market, said Rick Sharga, RealtyTrac’s senior vice president.

    http://njrereport.com/index.php/2011...h-home-prices/


    We are still adjusting to the historical trend. With a surplus of building during the boom and an excess of foreclosed properties. the prices should be below the trend line. That is how the market should be working.

    The right wing really needs to pull their heads out of the crevice where the sun does not shine and look around. The democrats have flaws and problems. Clinton deregulating the banks and pushing low income loans through freddie and fannie were wrong. But the right wing acts like they didn't cut taxes spend more creating massive deficits under Reagan and Bush, pass the largest entitlement in 40 years without funding or failed to regulate the banks when problems became apparent.

    And still the republicans are grandstanding with the debt limit and refusing to raise taxes from historically low rates as the country can't pay it's bills.

  6. Default

    Quote Originally Posted by Goodoledays View Post
    Yah! Guess under Obama they just don't count the ones giving up even looking any more. They probably figure Obama will just come to their rescue.
    They count them the same as they did under Bush. Clueless talking points a rational argument do not make.

  7. Default

    Quote Originally Posted by Buffalo Soldier View Post
    Quote Originally Posted by Iriemon, replying to a clueless talking point View Post
    False. The numbers I posted were total federal tax receipts. Everyone who works pays.
    That's complete B.S. There are so many employees being paid off the books in this country, and you could probably name a hundred if you thought about it. For example, Restaurant employees, family business employees, and commissioned workers.
    So, because some people break the law (according to you, since none of your examples really hold water), generally accepted statistics and maxims are useless.

    Again... clueless talking points a rational argument does not make.

    Maxim #2: Defending the losing argument of another a wise man does not make.

  8. Default

    Quote Originally Posted by Iriemon View Post
    Quote Originally Posted by Buffalo Soldier, replying to Iriemon View Post
    No, your still a hack. Inflation is a major problem that Republicans and economists expected to get worse as Obama continues to devalue our dollar with spending increases.
    Why is it whenever it comes to arguing their point, so many of our conservative friends have to resort to unprovable claims about what they say things will be in the future, and can't defend their position based on facts? I see it all the time. They argument gets rebutted with facts, and all they can say is that things are going to get real bad in the future.
    Because in the future they might win an argument. Given their track record in the present, can you blame them for looking forward with hope for change?

  9. Default

    Many were afraid it would get a *lot* worse.

    The Great Bush Recession has been turned around since Obama took office.
    It will get worse I'm afraid, but Bush has nothing to do with it.

    Obama is running the US economy into the ground. There will be no recovery
    until this joker is no longer president.

    Today news (Wednesday 6/1/2011) :

    Reports Wednesday on manufacturing and company hiring were so weak that many economists immediately downgraded their forecasts for Friday's jobs report for May. Some analysts also slashed their estimates for growth in the April-June quarter.

    http://finance.yahoo.com/news/Signs-...&asset=&ccode=

    Obama is killing the US economy according to economic experts.
    Last edited by sammy; Jun 01 2011 at 03:44 PM.

  10. #80

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    Quote Originally Posted by sammy View Post
    It will get worse I'm afraid, but Bush has nothing to do with it.

    Obama is running the US economy into the ground. There will be no recovery
    until this joker is no longer president.

    Today news (Wednesday 6/1/2011) :

    Reports Wednesday on manufacturing and company hiring were so weak that many economists immediately downgraded their forecasts for Friday's jobs report for May. Some analysts also slashed their estimates for growth in the April-June quarter.

    http://finance.yahoo.com/news/Signs-...&asset=&ccode=

    Obama is killing the US economy according to economic experts.
    The Great Obama Depression Grows Worse

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